BTA Ipoteka Redeems Bonds Ahead of Schedule
OREANDA-NEWS. April 09, 2010. BTA Bank's subsidiary BTA Ipoteka (Almaty) informed Kazakhstan Stock Exchange (KASE) on full redemption of subordinated bonds:
- KZP02Y10C113 (KASE, second subcategory of Non-rated debt securities, BTAIb12; KZT100, KZT1.0 bn; 04.08.06 - 04.08.16, semiannual coupon 7.00 % APR; 30/360);
- KZP03Y10C111 (KASE, second subcategory of Non-rated debt securities, BTAIb13; KZT100, KZT1.0 bn; 28.12.06 - 28.12.16, semiannual coupon 7.00 % APR; 30/360).
BTA Ipoteka informed of the following:
Quotation begins
Herewith Mortgage organization BTA Ipoteka (hereafter - the company) informed on April 6, 2010 the company fully redeemed bonds BTAIb12 (NIN KZP02Y10C113) and BTAIb13 (NIN KZP03Y10C111) according to the Issue Prospectuses and Decision of the Board of directors No. 128/02 of February 12, 2010. At that redemption sums are:
1. on BTAIb12 - KZT4,166,464.44 (Four million one hundred sixty six thousand four hundred sixty four tenge 44 tiyn), including KZT4,120,000.00 (Four million one hundred twenty thousand tenge 00 tiyn) - bond nominal value, KZT46,464.44 (Forty six thousand four hundred sixty four tenge 44 tiyn) - accrued interest for the period February 4 through April 1, 2010.
2. on BTAIb13 - KZT10,182,777.78 (Ten million one hundred eighty two thousand seven hundred seventy seven tenge 78 tiyn), including KZT10,000,000.00 (Ten million tenge 00 tiyn) - bond nominal value, KZT182,777.78 (One hundred eighty two thousand seven hundred seventy seven tenge 78 tiyn) - accrued interest for the period December 28, 2009 through April 1, 2010.
At the moment of the redemption 41,200 bonds BTAIb12 and 100,000 bonds BTAIb13 were circulating.
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Earlier KASE released news dated March 2, 2010 "BTA Ipoteka to redeem bonds KZP02Y10C113 (BTAIb12) and KZP03Y10C111 (BTAIb13) ahead of schedule" - http://www.kase.kz/en/news/show/1097317
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